This property looks like a bad Mid-Term investment with a projected -3.75% first-year return on $152k initial cash invested.
-3.75%
Cash On Cash
5.64%
Cap Rate
0.92
DSCR
$5,655
Rent
-$477
Cashflow
Cash Flow
$5,655 income − $6,132 expenses = $477 out of pocket
Investment Breakdown
|
Purchase Price
$640k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$152k
Downpayment
20%
$128k
Closing costs
1%
$6,404
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,655
Total Expenses
$6,132
Mortgage P&I
58%
$3,263
Property Taxes
13%
$718
Home Insurance
4%
$228
HOA
0%
$0
Property Management
12%
$679
CapEx
4%
$226
Vacancy
3%
$170
Maintenance
4%
$226
Other
11%
$622